Credit Card vs. Debit CardAn information on the difference between a credit card and a debit card.
Credit Card vs. Debit Card: Which is Better?
Don’t you find it frustrating when there’s a hot seat sale for the country you’ve been meaning to visit but you can’t book or a 75% off at your favourite boutique but you can’t buy it because you’ll be over budget if you
Credit Card vs. Debit Card: The Difference
The credit card and debit may look the same with 16-digit card numbers, expiration dates and PIN codes but’s that’s the only thing they both are similar for. Debit cards allow the consumers to spend money that they have by getting funds from the cash deposited to the bank. Credit cards allow customers to borrow money from the bank where you applied the card for up to a certain limit depending on your salary in order to purchase items or withdraw cash.
Credit Card vs. Debit Card: The Advantages
The advantage for
If you often buy things impulsively, a debit card will be suitable for you to limit your spending and this will help you avoid the temptation of a credit card.
Credit cards offer a lot of advantages for users. People can reap cash, discounts, travel points and a lot of other benefits by using rewards cards. It’s wise to use a credit card only if you can pay it off full time within the next month. By being a responsible spender, you get to build and raise your credit score which is reflected on your credit report.
If you can control and manage your spending, go for a credit card, but if you can’t, better just go with a debit card. These plastic cards are designed to help you manage your expenditures well and it’s up to your spending habits which card you should get.
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